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Consumer Price Index:Historical Releases/2023 May: Difference between revisions
Consumer Price Index:Historical Releases/2023 May (view source)
Revision as of 17:34, 13 June 2023
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* Core CPI grew by 0.4% in May and 5.3% year over year, both in-line with estimates. | * Core CPI grew by 0.4% in May and 5.3% year over year, both in-line with estimates. | ||
=== Biggest Contributors | === Biggest Contributors === | ||
* The energy index fell 3.6 percent in May after rising 0.6 percent in April. The gasoline index decreased 5.6 percent in May, following a 3.0-percent increase in the previous month. | * The energy index fell 3.6 percent in May after rising 0.6 percent in April. The gasoline index decreased 5.6 percent in May, following a 3.0-percent increase in the previous month. | ||
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* The shelter index was the largest factor in the monthly increase in the index for all items less food and energy with a 0.6% increase | * The shelter index was the largest factor in the monthly increase in the index for all items less food and energy with a 0.6% increase | ||
* Other major contributors to the core number in May was the index for used cars and trucks, which increased 4.4 percent, and the index for motor vehicle insurance which increased 2.0 percent. | * Other major contributors to the core number in May was the index for used cars and trucks, which increased 4.4 percent, and the index for motor vehicle insurance which increased 2.0 percent. | ||
* Several indexes declined in May, led by the household furnishings and operations index which fell 0.6 percent over the month. This was the first decline in that index since June 2021 and also the largest 1- month decline since August 2009 | |||
* The index for airline fares decreased 3.0 percent over the month, following a 2.6-percent decline in April. | |||
=== Categories watched by the FED === | === Categories watched by the FED === | ||